This morning, our family’s offer to purchase this triplex in the heart of Somerville was accepted by the seller. I say family because this home will be jointly owned by all three kids. Each will own one of the three nearly identical units. Jeanine and I are helping with the down payment, while the kids will cover the rest. Each can choose to live in their unit alone, collect rent from roommates, or generate passive income by renting their entire floor out.

When we started looking for a property last week, this was the only one that met all of our criteria. The 3,816 sqft. home has 9 bedrooms, 6 baths, a huge basement and off-street parking. The closing is scheduled for April 15.